Exploration & Production

Has Brazil missed its chance on shale?

The director general of Brazil’s hydrocarbon agency sees a double standard in the country’s approaches to its pre-salt and shale resources The director general of Brazil’s hydrocarbon agency sees a double standard in the country’s approaches to its pre-salt and shale resources.
By Chris Noon 16 July 2018 0 31750
Production in Brazil’s pre-salt Tupi field. (Petrobras) Production in Brazil’s pre-salt Tupi field. (Petrobras)

Brazil, like much of Latin America, has been cautious in its shale development. However, is its risk-aversion merely an act of self-harm? 

Décio Oddone, the director general of Brazil’s hydrocarbon agency, the ANP, seems to think so. He noted in a presentation made available last week that there were nearly 1 million active oil and gas wells in the United States, of which 670,000 were currently using hydraulic fracturing and horizontal drilling techniques. 

By comparison, Brazil does not have a single producing well that...